Economic growth gauge gained last week: ECRI

NEW YORK Fri Dec 14, 2012 10:34am EST

NEW YORK (Reuters) - A measure of future U.S. economic growth improved last week, while the annualized growth rate also rose, a research group said on Friday.

The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 127.7 in the week ended Dec 7 from 126.7 the previous week. That was originally reported as 126.8.

The index's annualized growth rate climbed to 4.4 percent from 3.5 percent a week earlier.

(Reporting by Leah Schnurr; Editing by Chizu Nomiyama)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.